Full text of H.6 Money Stock Measures : June 7, 2001

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FEDERAL RESERVE statistical release
H.6 (508)
Table 1
MONEY STOCK AND DEBT MEASURES
Billions of dollars
Date

M11

For release at 4:30 p.m. Eastern Time

June 7. 2001

M22

M33

DEBT4

Seasonally adjusted
1999-May
June

1100.9

4495.5

6192.4

16764.5

4517.1
4543.8

6227.9
6258.8

16846.4
16919.5

July

1099.8
1097.5

Aug.
Sep.

1095.8

4561.8

6280.1

17016.7

1093.4

4578.4

6306.1

17124.4
17208.0

Oct.

1097.0

4599.7

6360.3

Nov.

1107.4

4625.9

6446.1

17276.1

Dec.

1124.8

4653.3

6530.6

17379.4

2000-Jan.

1123.3

4675 . 5

6572.3

17455.0

Feb.

1109.2

4690.9

6605.4

Mar.
Apr.

1113.7
1117.9
1106.7

4721.5
4759.7

6676 . 5
6728.3

17511.2
17619.6
17719.1

4766.6
4787.8

6760.5
6810.8

17796.4
17878.6

May
June

1105.3

July
Aug.

1099.4

4807.9
4838 . 1

6859.0
6917.4

17944.6
18005.6

Sep.
Oct.

1096.0
1096.1

4870.1
4891.5

6969.5
6991.8

18082 . 5
18133.6

Nov.

1087.2

4906.9

7018.2

Dec.

1088.2

4945 . 2

7100.4

20 0 1 - J a n .
Feb.

1099.6
1100.4

4995.3
5040 . 6

7252.7

Mar.

1113.1

5101.1

Apr.

1118.0

5145.1

1103.3

7193.6

18214.4
18303 . 3
18364.8
18462 . 5

7310.2
7417.7

18573.4

617 7 . 8

16704 .7
16783.5

p

Not seasonally adjusted
1999-May
June

1095 .4
1097 . 2

4476 .4
4502.5

July
Aug.

1096 .7
1092.7

4526.5
4548.6

Sep.
Oct.

1086 . 3
1095.3

4561.7

Nov.

1113.3
1148.3

4620.8
4677.3

200 0 - J a n .
Feb.
Mar.

1126.4

4686 . 8

1096 . 8
1108 . 1

4687 . 8
4748 . 8

Apr.
Ma y

112 4 . 9
1100 . 4

4817 .4
4743 . 8

June
July

1102 . 6
1103 . 9

4769.2
4787 . 6

Aug.
Sep.

1095.8
1090.5

4820.1
4855.3

Oct.

Nov.

1093 . 5
1093.3

4869.0
4899.1

7013.8

18083.3
18189.6

Dec.

1112.4

4973.8

7145.5

18295.4

2001-Jan.
Feb.

1099 . 8
1087 . 8

5004 . 7

7223 . 8

18362.0

5039.4

18457.5

Mar.

1107 . 8

5135.6

7287.5
7372 . 4

Apr.

1123.2

5209 . 1

7480.4

Dec.

Footnotes appear on the following page
p

preliminary

Components may not add to totals due to rounding.




4582.5

6208.2
6219.9
6250.3
6266.9
6329.5
6445.0
6568.1
6599.0
6629.9
6726.0
6786 . 9
6742.3
6785 . 3
6813.6
6880.4
6927.6
6949.8

16852.6
16956.6
17067 . 8
17156.4
17252.9
17374.8
17449.5
17500.1
17613.0
17690.3
17735.4
17812.4
17872.6
17940.4
18023.0

18571.9

p

Page 2
H.6 (508)
Table 2

MONEY STOCK AND DEBT MEASURES
Percent change at seasonally adjusted annual rates
M2

M3

DEBT'

3 Months

from

Jan.

2001

TO

Apr.

2001

6.7

12.0

12.5

5.9

6 Months

from

Oct.

2000

TO

Apr.

2001

4.0

10.4

12.2

5.4

from

Apr.

2000

TO

Apr.

2001

0.0

8 .1

10.2

5.4

12

Months

Thirteen

1

M1

weeks

ending

May

28

,

2001

from

thirteen

weeks

ending:

Feb.

26,

2001

(13

weeks

previous)

7.2

11.7

12 . 7

Nov.

27,

2000

(26

weeks

previous)

3.9

10.1

11.8

Ma y

29,

2000

(52

weeks

previous)

0.2

8.1

10 . 2

Growth rates for debt are based on periods beginning and ending one month earlier than for the monetary aggregates, namely, December 2000 to March 2001, September 2000 to March 2001,
______________ ____________________________________________________ __________________________________
and March 2000 to March 2001, respectively.

Footnotes to T ab le 1:
1

2.

3

4.

Consists of (1) currency outside the U.S. Treasury, Federal R eserve Banks, and the vaults of depository institutions; (2) travelers checks of nonbank issuers; (3) dem and
deposits at all com m ercial banks other than those due to depository institutions, the U.S. governm ent, and foreign banks and official institutions, less cash items in the
process of collection and Federal Reserve float; and (4) other checkable deposits (O C D s), consisting of negotiable order of withdrawal (N O W ) and autom atic transfer service
(ATS) accounts at depository institutions, credit union share draft accounts and dem and deposits at thrift institutions. Seasonally adjusted M1 is calculated by summ ing
currency, travelers checks, dem and deposits, and O C D s , each seasonally adjusted separately.
Consists of M1 plus savings deposits (including m oney m arket deposit accounts), sm all-denom ination time deposits (time deposits— including retail R P s— in am ounts of less
than $ 1 0 0 ,0 0 0 ), and balances in retail money market mutual funds. Excludes individual retirem ent account (IR A ) and Keogh balances at depository institutions and m oney
market funds. Seasonally adjusted M2 is computed by summ ing savings deposits, sm all-denom ination time deposits, and retail money fund balances, each seasonally
adjusted separately, and a d d in g this result to seasonally adjusted M1.
Consists of M 2 plus large-denom ination time deposits (in am ounts of $ 1 0 0 ,0 0 0 or more), balances in institutional money funds, R P liabilities (overnight and term ) issued by all
depository institutions, and Eurodollars (overnight and term ) held by U.S. residents at foreign branches of U.S. banks worldwide and at all banking offices in the United
Kingdom and C a n a d a . Excludes am ounts held by depository institutions, the U .S. governm ent, m oney funds, and foreign banks and official institutions. Seasonally adjusted
M 3 is calculated by sum m ing large time deposits, institutional money fund balances, RP liabilities, and Eurodollars, each seasonally adjusted separately, and adding this
result to seasonally adjusted M2.
Debt: The debt aggregate is the outstanding credit m arket debt of the domestic nonfinancial sectors — the federal sector (U.S. governm ent, not including governm entsponsored enterprises or federally related m ortgage pools) and the nonfederal sectors (state and local governments, households and nonprofit organizations, nonfinancial
corporate and nonfarm noncorporate businesses, and farm s). Nonfederal debt consists of mortgages, tax-exem pt and corporate bonds, consum er credit, bank loans
commercial paper, and other loans. The data, which are derived from the Federal Reserve Board’s flow of funds accounts, are break-adjusted (that is, discontinuities’ in the
data have been sm oothed into the series) and m onth-averaged (that is, the data have been derived by averaging adjacent m onth-end levels). T h e presentation of the debt
data in this release differ, therefore, from the quarterly flow of funds statistics contained in the Federal Reserve releases Z .7 and Z .1 . In those releases, published levels of
credit market debt are m easured on a quarter-end basis and contain discontinuities.
Note: Current and historical H .6 data are available each w eek on the Federal Reserve Board's w eb site ( http://w w w .federalreserve.gov/). Monthly data are available back to
January 1959, and w eekly data are available back to January 1975 for most series. For information about individual copies or subscriptions, contact Publications Services
at the Federal R eserve Board (phone 2 0 2 -4 5 2 -3 2 4 5 , fax 2 0 2 -7 2 8 -5 8 8 6 ). For paid electronic access to current and historical data, call S T A T -U S A at 1 -8 0 0 -7 8 2 -8 8 7 2 or
2 0 2 -4 8 2 -1 9 8 6 .




Page 3

H.6 (508)
Table 3

MONEY STOCK MEASURES
Billions of dollars
Seasonally adjusted
Period ending
■Mar .

Apr.

May

5

13-week
average

M1
4-week
average

week
average

13-week
average

M2
4-week
average

week
average

13-week
average

M3
4-week
average

week
average

1097 . 6

1103.7

1116,.3

5076,. 0

7277 .7

1107 . 1
1109.8

1101,.1
1111..9

5064.0
5078.1

5086,.1
5099,.6

7191,. 1
7 2 0 7 ,. 6
7221,.4

7 2 6 1 , .7

1099.3
1101.4

5 0 0 0 ,. 1
5012,.0
5023,. 8

5049.2

12
19

72 6 8 , .7
7 2 7 4 , .5

7271.8
7282.7

26

1103.0

1110 .9

1114.. 1

5036,.2

5094 .9

5 1 1 7 ,. 8

7 2 3 8 ,. 4

7 2 9 5 ,. 2

7348.7

2
9

1105.0
1105.8

1 1 2 4 ., 8
1102. .6

5048,. 9
5 0 61, .3

5109.1
5121.0

5132, .7
5 1 3 4 ,. 0

7256,. 6
7273,.9

7 3 2 3 .. 8
7351.. 2

7392.1
7381.4

16
23
30

1107.7
1109.0
1110.8

1113.0
1113 .4
1115 . 0
1116 .7

5 0 7 4 .. 1
5 0 8 5 ., 1

5135.1
5144 .2

5 1 5 5 ,. 9
5 1 5 4 ,. 3

7291,. 3
7 3 0 7 ,. 4

5095,. 8

5145.7

5138 . 5

7 3 2 6 ,. 7

7 3 8 6 .. 6
7 4 0 5 .•
7 4 1 9 .. 4

7424 . 3
7424 . 3

1117 . 5

1 1 1 8 ., 5
1 1 2 1 . ,0
1 1 2 8 ., 0

7447.4

7
14
2lp
2 8p

1111.2
1112.5

1119 . 0
1115 . 5

5151.. 4
5 1 5 5 . .4

7 3 4 3 .. 5
7 361.,2

7 4 3 5 .. 5
7447.. 8

7446.0
7473 . 4

1115.4
1114 . 0

5 1 0 5 .. 2
5 1 1 5 .. 1
5 1 2 5 ., 2
5 1 3 4 ., 0

5150.0
5149.9

1114.0
1114.9

1108., 5
1 1 0 4 ., 5
1 1 2 0 ., 5
1122 . 4

5155.0
5161.8

5 1 7 4 .. 5
5 1 6 5 .. 8

7 3 8 0 ., 7
7 4 0 1 . .2

7470..2
7491..4

7514.1
7531.9

5057 .1
5082 .4
5105 .7
5125,.9

5 1 1 5 ,. 4
5 1 2 9 ,. 3

7 3 0 8 ,. 1
73 2 6 , .7

7352.8
7357.1

5133,. 1
5 1 2 5 ,. 6

7230 .2
7249,.4
7 2 6 4 ,. 6
7281,.0

7339,. 5
7 3 5 9 ,. 3

7346.4
7380.7

5 1 7 9 ,. 6
5 2 3 2 ,. 6
5260. .0

7 2 9 9 ,. 8
73 20. .3
7341,. 0

7438.0
7488.1
7535 . 9

5206.. 8
5 1 3 4 .. 2

7 3 5 9 ,. 1
7 3 7 8 .. 2

7 3 8 0 .. 6
7 4 1 3 .. 3
7 4 6 0 .. 7
7 4 8 2 .. 6
7 480, .7

5151.. 8

7 3 9 3 .. 7

5 1 4 5 .. 5
5 1 4 2 ., 4
5 1 2 2 .. 4

7 4 0 7 .. 6
7 4 2 2 .. 0
7 4 3 6 .. 7

5

Not seasonally adjusted
•Mar .

Apr.

May

12

1 1 0 0 ,. 7
1101, .2

1091,.2
1 0 9 5 ,. 6

1 1 0 6 ,. 2
1 0 9 0 ,. 5

19
26

1101,. 6
1 1 0 0 ,. 2

1 1 0 0 ,. 0
1 1 0 2 ,. 8

1104,.6
1109, .9

5 0 1 3 ,. 6
5 0 2 7 ,. 1
5 0 3 9 ,. 8
5051,. 3

2
9
16
23
30

1 0 9 9 ,. 1
1 0 9 9 ,. 1
1101, .8

1138 . 3
1 1 0 4 ,. 8
1126.. 1

5 0 6 4 ,. 4
5079 . 9
5 0 9 7 .. 6

1 1 0 4 ,. 3
1 1 0 6 .. 9

1 1 1 0 ,. 8
1 1 1 4 ,. 4
1119,. 8
1 1 2 4 .. 3
1 1 2 2 .. 2

1128. .0
11 29. .7

5113. ,2
5126. .8

5141,. 9
5 1 6 7 ,. 7
5199,. 5
5219,. 8
5208, .4

5 1 3 7 ., 0
5 1 4 6 ., 1
5 1 5 3 .. 9
5 1 5 9 .. 9

5188. ,2
5159,. 6
5143.. 5
5 1 40. ,5

5

7

1 1 0 7 .. 4

1120. .8

14
2lp

1109.. 1
1111.. 2

11 13. ,3
1 1 0 9 ., 7

1099., 3
1 0 9 6 .. 0
1 1 1 3 ., 9

2 8p

1112.. 9

1 1 0 7 .. 3

1 1 1 9 . ,9

Note: Special caution should be taken in interpreting week-to-week changes in money supply data, which are highly volatile and subject to revision,
p preliminary data.
Components may not add to totals due to rounding.




7 4 6 8 ,. 9
7 4 5 0 .. 8
7 4 5 4 ., 2
7 4 6 9 .. 8

74 6 8 . 4
7430.4
7440.8
7463.4
7482.0
7493 . 0

Page 4
H.6 (508)
Table 4

SEASONALLY ADJUSTED COMPONENTS OF M1
Billions of dollars
Travelers checks2

19 9 9 - D e c .

516.7

8.2

356 . 1

2000-Jan.
Feb.

524 . 8
517.9

8. 2
8. 1

346 . 7
341. 5

Mar.

516.0

8. 2

Apr.
Ma y

516 . 7
518.7

8. 1
8. 3

June

520 . 9

8. 8

333 . 5

July
Aug.

522 . 4
523 . 5

9. 3
9. 3

332 . 0
326 . 1

Sep.

524 . 7

8. 9

323 . 2

Oct.
Nov.

526 . 3
527 . 6

8. 4
8. 0

321.4
313.5

Dec .

529 . 9

8. 0

311. 3

2001-Jan.
Feb.

534 . 5
537 . 7

8. 1
8. 0

315.2
313 . 4

Mar.

539 . 8

7 .9

Apr .

542 . 5

2
9
16

We e k e n d i n g
2001- A p r .

May

1.
2.
3.
4.
5.

Demand deposits3

Currency1

Date

At commercial banks4
141. 1

Other checkable deposits
At thrift
institutions5
102.6

Total
243 .7

141. 6

102.0

243 . 6

104 .2

344 . 9

137.5
137 . 4

241.7
244 . 7

344 . 0

140 . 4

336 . 5

135.8
134.3

108 . 7
107.3

107.3

249 . 1

107 . 7

243 . 2
242 .0

132 . 0

107.6

239 . 6

133 . 3
132 . 3

107.2
106 . 9

239 .2

134 . 7

105 . 5

240 . 1

133.2
134.7

104.9

238 . 1
239 . 0

105 . 1

316 . 5

136.7
133.2
136 . 1

112 . 8

241.9
241.4
248 . 9

7 . 8

313 . 0

139.6

115.1

254 . 7

541.8

7 . 8

322 . 2

139 . 3

113.7

253 .0

541.5

303 . 5
314 . 4

133 . 4

542 . 3

7 . 8
7 . 8

137.3

116.4
116.7

249 .8
254 . 0

23
30

543 . 1
543.2

7 . 8
7 .7

311.7
319.5

143 . 6
144 . 8

114 . 8

258 . 5
257 . 5

7

544 . 2

7 .7

e

308 . 1

132.9

115.5

248 .4

14

7 .7
7 .7

e

304 . 7

247 . 5

e

315.6

133.2
137.8

114 . 3

2lp

544 . 6
545 . 6

113 . 8

251.6

28p

547 . 7

7 .7

e

313 . 8

141.4

111. 8

253 . 2

104 . 3

108.2

112 . 7

240 . 5

Currency outside U.S. Treasury, Federal Reserve Banks and the vaults of depository institutions.
Outstanding am ount of U .S. dollar-denom inated travelers checks of nonbank issuers. Travelers checks issued by depository institutions are included in dem and deposits.
Dem and deposits at comm ercial banks and foreign-related institutions other than those due to depository institutions, the U.S. governm ent and foreign banks and official
institutions, less cash items in the process of collection and Federal Reserve float.
Consists of N O W and A TS balances at comm ercial banks, U .S . branches and agencies of foreign banks, and Edge Act corporations.
Consists of N O W and A TS balances at thrifts, credit union share draft balances, and dem and deposits at thrifts.

e
estim ated
p
preliminary
Com ponents m ay not add to totals due to rounding.




•

•

•r

•

•

i

•

#

Page 5

H.6 (508)
Table 5
SEASONALLY ADJUSTED COMPONENTS OF NON-M1 M2
Billions of dollars
At commercial
banks

Total

At commercial
banks

1999-Dec.

1287.0

449 .3

1736.2

635 .2

320 . 9

956 . 1

836 . 2

3528 . 5

20 0 0 - J a n .
Feb .

1287 . 6
1301.5

446 . 9

1734 .5
1750 .6

641.0
646 . 8

323 . 3
324 . 6

964 .4
971.4

853 . 3
859 .7

3552.2
3581.7

Mar .

1306 . 5

449 . 1
450 .8

1757 .3

652 . 3

326.1

978 .4

872 . 0

3607 .7

Apr.
May

446.8
452 . 5
452 . 1

1766.8
1774 . 7

661.6
666 .8

887 . 5
890 . 9

3641.7
3659 . 9

1783.5

676 . 0

325 . 9
327.5
329 . 6

987 .4
994 . 3

June

1320 . 0
1322 . 2
1331.4

1005 . 6

893 . 5

3682 . 5

July
Aug.

1345.3
1362.1

1797 .7
1816.9

339 . 5

1014.3
1023 . 5
1028 . 9

3704 . 6
3738.7

1383 . 6

681.3
686 . 5
689 . 4

892 . 6
898 . 3

Sep.

452 . 4
454 . 8
454 . 8

906 . 8

3774.2

Oct.
Nov.
Dec .

1389 . 3
1402.7

699 . 7

342.1
344 . 8
346 . 6

1033 .7
1039.4
1046 . 3

916.0
922 .6
937 . 2

3795.4
3819.7
3857 . 0

Date

1421.7

691.6
694 . 6

Total
Non-M1 M2

702 . 8

349 . 8

471.1

350 . 6
349 . 6

1052 . 6
1050 . 6
1045 . 5

953 . 2
960 . 1
979 . 8

3895 . 8
3940 . 2
3988 . 0

1517 . 0

475 . 1

1992.1

690 .5

349 . 9

1040 .4

994 . 6

4027 . 1

1497.4
1525.1
1527.7
1521.9

475 . 6

1973.1
1998 . 3
2001.6
1997 .4

693 . 5
692.0
690 . 6
689 . 8

349 . 8
350 . 1

991.5
991.0
995 . 2
996 . 5

4007.9
4031 .4

1975.5

688 . 9

349 . 9
349 . 7
349 . 8

1043 . 3
1042 . 1
1040 . 5
1039.4
1038 . 8

996 . 2

4010.5

2021.9
2026.8

687 . 1
685 . 6

352 . 4
352 . 1

1039 .4
1037 . 7

4042 . 9
4050.9

2030.2
2024 .7

685 . 1

1037 . 0
1035.6

4054 . 0

684 . 1

351.8
351.5

981.5
986 . 4
986 . 9
983 . 0

4043.4

Apr .

May

1845.7
1857.7
1873.5

333 . 0
337 . 0

Total

Retail
money
funds

700 .0
695 . 9

Mar .

Wee k e n d i n a
2001 - A p r .

456 . 4
455 . 0
451.9

1838.4

At thrift
institutions

1889.9
1929 .6
1962 .7

1438 . 0
1467 . 6
1491.7

2001-Jan.
Feb.

1.
2.

Small-denomination time deposits2

Savings deposits1
At thrift
institutions

452 . 0
462 . 0

2
9
16
23
30

1496 . 6

7
14
2lp

1541.0

480 . 9

1541.1
1540.6

485 . 7
489 . 5

2 8p

1533 . 0

491.8

473 . 2
473 . 9
475 . 5
478 . 9

4037.4
4033 . 3

Savings deposits include m oney market deposit accounts.
Sm all-denom ination time deposits— including retail R Ps— are those issued in am ounts of less than $ 1 0 0 ,0 0 0 . All IRA and Keogh account balances at com m ercial banks and
thrifts are subtracted from small time deposits.

p
preliminary
Com ponents may not add to totals due to rounding.




H.6 (508)
Table 6

SEASONALLY ADJUSTED COMPONENTS OF N0N-M2 M3 AND DEBT
Billions of dollars

Institutional
money funds

Date

Debt components5
Federal

Non-Federal

648 . 3

91.3

2 0 0 0 —J a n .

636 . 9

650 . 2

94 . 0

744 .2

338 . 0

177.6

1896 . 8

3645.6

638 . 5
657 . 5

652 . 5
662 . 3

94 . 4
94.5

746 . 8
756 . 8

350 .4
349 . 0

13809.4

Feb.
Mar.

178 .7
191.7

1914.5
1955.0

3608 . 0
3616.4

13903.2
14003.2

340 . 8

173.3

1877.3

3660 . 3

13719. 1

Apr.

662 . 1

677 . 7

94.1

771.8

347 . 6

187.1

1968.6

3600.2

673 .0
683 . 7

680 . 8

774 . 5

355 . 6

190.8

786 . 1

362 . 6

190.6

1993.9
2023.0

3546.1

690 . 6

93.7
95.5

14118.9

May

14250.3

3521.2

14357 .4

794 . 1

364 . 2

3510.1

361.3
362 . 2

187.2
189 . 6

2051.1

807 . 2
806 . 4

1 4 4 34 . 4

192.5

2079.3
2099 . 3

3488.8
3474.9

14516.8
14607 . 7
14687 . 8
14 7 9 5 . 2

July

705 .6

696 . 1

98 . 0

Aug.
Sep.

721.2
738 .3

707 . 1
704 . 7

100.1
101.6

Oct.
Nov.
Dec .

744.7

699 . 3

103 . 3

802 . 5

361.1

191. 9

2100.3

3445.7

752 .7
768 . 3

703 . 5
726 .5

103 . 7
103.2

807 . 1
829 . 6

356 . 6
360 . 2

194.9
197.1

2111.3
2155.1

3419.3
3400 . 5

801.1
858 . 9

740 . 3

106.0

704 . 9

846 . 4
811.5

356 . 0
346.0

Mar.

888 . 0

784 . 2

3380.4
3372 . 0

677.4

106.6
106.8

Apr .

919.4

697 . 5

108.6

806 . 2

2

920 . 8

693 . 9

107.8

9
16

904 . 5
913.2

697 . 1
696 . 6

108.3
108.8

23
30

909 . 8

699 . 9

108 . 8

950 . 3

697 . 7

108.9

808 . 7
806 . 6

364 . 6
365 . 4

186.8

2270.0
2309 . 0

May

5.

Total
Non-M2 M3

623 . 5

Week e n d i n a
2001 -A p r .

3.

Eurodollars4

19 9 9 - D e c .

2001-Jan.
Feb.

4.

RPs3

739 .7

June

1.
2.

Large-denomination time deposits'
At thrift
At commercial
Total
institutions
banks2

194 . 8

2198.3

339 . 0

195.6
198 . 0

2212.0
2209.2

359 . 2

187.8

2272.6

801.7

342 . 1

194 . 7

2259.3

805 . 4
805 . 5

351.4
360 . 1

186.1

2247 .4
2268 . 4

189 .7
186 . 8

7

950 . 3

681.9

109 .4

791.3

363 . 9

189.1

2294.6

14
2 Ip

958 . 6
971.4

689 . 7
710.3

110.3

800 . 1
821.3

191.8
191.2

2318.0
2339.5

2 8p

992 .6

720 . 9

1 1 1 .0
1 1 1 .0

367 . 5
355 . 6

831.9

356 .7

184.9

2366.1

3375.4

14902.9

14 9 8 4 . 4
15 0 9 0 . 5
p

15198.1

Large-denom ination time deposits are those issued in am ounts of $ 1 0 0 ,0 0 0 or more, excluding those booked at international banking facilities
Large-denom ination time deposits at comm ercial banks less those held by money m arket mutual funds, depository institutions, U.S. governm ent, and foreign banks and
official institutions.
Overnight and term RPs of $ 1 0 0 ,0 0 0 or more issued by depository institutions, excluding those held by depository institutions and by m oney funds.
O vernight and term Eurodollars issued to U.S. addressees by foreign branches of U .S. banks worldwide and by all banking offices in the United Kinadom and
excluding those held by depository institutions and by money funds.
Debt data are on a monthly averag e basis, derived by averaging adjacent end-of-m onth levels, and have been adjusted to rem ove discontinuities

p
preliminary
Com ponents m ay not add to totals due to rounding.




Canada

p

Page 7
H.6 (508)
Table 7

NOT SEASONALLY ADJUSTED COMPONENTS OF M1
Billions of dollars

Currency1

Date

At commercial banks4

Other checkable deposits
At thrift
institutions5

Total

521.5

8.4

371.7

142.4

104.3

246 . 6

2000-Jan.
Feb.

522 .9
516 . 5

8.4
8.3

348 . 9
332 . 3

143 . 8
137.3

102 .
102,

246 . 1
239 . 8

Mar.

515 . 9

8.3

339 .2

137.8

106 ,

244 .6

Apr.
May

517.4
518.7

8.3
8.4

345 .2
331.0

143.1
135 . 6

106.

254 .0
242 . 3

June

521.0

8.7

331.1

134.3

107 .

241. 9

July
Aug.
Sep.

523 .
522 .

333 .7
325 . 9

130.7
131.9

107 .
106 ,

238 ,
238 .

523 .

321.4

131. 0

106 .

237 .

Oct.

524 .
528 .
535 .

321.5
318 . 8
326 . 6

133.5
132.6
135 . 9

105 .
10 5,
106 ,

238 . 8
238 . 2

315.2
304 . 3

138.9
132.9

105.2
106 . 2

244 . 1
239 . 1

311.4

136 . 4

112.2

248 . 6

Dec .

110

,

242 . 5

2001-Jan.
Feb.

532 . 3
536 . 2

Mar .

539 . 8

8 .2
8.2
8 .0

Apr .

543 . 0

7.9

313 . 0

142.4

116 . 9

259 . 3

540 . 7

8 .0

8.0

330 . 9
300 . 0
316.1

116 . 6

258 .7
252 . 8
258 . 4

318.2

142.1
134.9
140 . 3
148 . 3
147.1

We e k e n d i n g
20 0 1 - A p r .

May

2
9
16

544 . 0
543 .6

7. 9

23
30

542 . 3
542 .2

7.9
7.9

7

545 . 9

7.9

e

296 .9

14

545 . 6
545 . 5

7.8
7.8
7.8

e
e
e

297 .9
311.1
312 . 0

2 lp
2 8p

4.
5.

Demand deposits3

1999-Dec.

Nov.

1.
2.
3.

Travelers checks2

547 . 3

312 .7

117.9
118 . 1
116 . 7
114 . 3

265 . 1

132.7

115 . 9

248 . 6

132.3
137.3

112.4

141.7

111.1

244 .7
249 .5
252 .8

.

112 2

261.4

Currency outside U.S. Treasury, Federal R eserve Banks and the vaults of depository institutions.
Outstanding am ount of U .S. dollar-denom inated travelers checks of nonbank issuers. Travelers checks issued by depository institutions are included in d em and deposits.
D em and deposits at com m ercial banks and foreign-related institutions other than those due to depository institutions, the U.S. governm ent and foreign banks and official
institutions, less cash items in the process of collection and Federal Reserve float.
Consists of N O W and A T S balances at comm ercial banks, U.S. branches and agencies of foreign banks, and Edge Act corporations.
Consists of N O W and A TS balances at thrifts, credit union share draft balances, and dem and deposits at thrifts.

e
estim ated
p
preliminary
Com ponents may not add to totals due to rounding.




H.6 (508)
Table 8

NOT SEASONALLY ADJUSTED COMPONENTS OF NON-M1 M2
Billions of dollars
Small-denomination time deposits2
Savings deposits1
Date
At thrift
At commercial
At thrift
At commercial
Total
Total
banks
institutions
institutions
banks

Total
Non-M1 M2

1999-Dec.

1288 . 5

449.8

1738.3

635 .4

321.0

956 . 4

834 . 3

3529.1

2000-Jan.

1286 .4
1294 .7

446.5
446.8

1732.9
1741.5

642.3
648.8

324 . 0
325 . 7

966 . 3
974 . 5

861.2

Feb.

875 . 0

3560.4
3590 . 9

Mar.

1312 . 0

452.7

1764.7

653 . 6

326.8

980 .4

895 .6

3640.8

Apr.

1342.0
1318.6

454 .2
451.3

1796.2
1769.8

661.9
664 . 8

326.0
326.5

987 . 8
991.3

908 .4

May
June

882.3

3692.5
3643.4

1332.5

452.5

1785.0

672.7

328.0

1000 .7

880 . 9

3666.6

July

1345 . 1
1357 . 1

452 . 3
453 .1

1797 .4

332.2
33 6 . 6

1011.9
1022 . 1

874 . 3

3683.7
3724 . 2

1381.2

454 . 1

679 . 7
685 . 6
689 . 4

339.6

1029.0

1379.9
1398.4

453 .3
453 .7

1833.2
1852.1

692.6
696.0

1035.3
1041.5

1426 . 4

453 .4

1879 .7

699 . 9

342.7
345. 5
34 6 . 8

451.2

1886 . 9

704 . 0

Mar.

1435 . 7
1459.3
1498.5

459.4
473 .2

1918.7
1971.8

702.3
697 . 7

Apr.

1542 . 1

482 .9

2025.0

691.1

1499.1
1568.8

1975.2
2055.5

Aug.
Sep.
Oct .
Nov.
Dec .

2001-Jan.
Feb.

We e k e n d i n a
200 1 -A p r .

May

23
30

1573 . 6
1537.8
1490.6

476.1
486 . 8
488 .1
480 . 5
476.9

2
9
16

1810.3
1835.3

891.8
900 . 6

3764 . 9

907 . 0

3775 . 5
3805.8

1046.7

912.2
935 .0

350.4

1054.5

963 . 5

3904 . 9

351.7
350 . 5

1054 . 1
1048 . 1

978 . 8
1007.9

3951.6
4027 . 8

350 . 2

1041.2

1019.6

4085 . 9

694 . 8
693 . 4

350.5
350.9

1045.3
1044 . 3

1020.8

4041.3
4127.8

2061.8
2018.3
1967 .5

691.5
689.9
688 .4

350.3
349 . 7

1041.8
1039 . 6

349 . 6

1038.0

1021.0
998 . 9

1028 . 0
1030.3

3861.4

4133.9
4078.9
4004.5

7

1555.8

485 .5

973 .2

4052 . 5

488 . 1

686 . 1
683 . 9

1038 . 0

1548.7

2041.3
2036.8

351.9

14

351.3

1035.2

977 . 5

4049.5

2lp

1531.4
1511.8

486 . 6
484 . 9

2017.9
1996 .7

682 . 6
680 . 8

35 0 . 5
34 9 . 8

1033.1

977.4

4028.5

1030.6

975 . 2

4002.5

2 8p

1.
2.

Retail
money
funds

Savings deposits include m oney market deposit accounts.
a»
Sm all-denom ination time deposits— including retail R Ps— are those issued in amounts of less than $ 1 00 ,0 00 . All IRA and Keogh account balances at com m ercial banks and
thrifts are subtracted from small time deposits.

p
preliminary
Com ponents may not add to totals due to rounding.




Page 9

H.6 (508)
Table 9

NOT SEASONALLY ADJUSTED COMPONENTS OF N0N-M2 M3 AND DEBT
Billions of dollars

Date

At commercial
banks2

At thrift
institutions

Total

At commercial
banks

At thrift
institutions

Total

Eurodollars4

Total
Non-M2 M3

Debt components5
Federal

Non-Federal

647 . 7

91.2

738.9

272.7

64 . 7

337 .4

176 . 0

1890.7

3663.2

13711.6

20 0 0 - J a n .
Feb.

657 . 8
660.5

643 .7
652.4

93.1
94 . 4

736.7
746.8

272.1
290 . 8

65.9
64.1

338 . 0
354 . 9

179 . 7
180 . 0

1912.2
1942.1

13810.5
13894 .7

Mar.

670.4

667 . 3

95.2

762.4

290.4

61.6

352 . 1

192.4

1977 .2

3639.0
3605.4
3633.7

Apr.
May

659.9

682 . 3
686 . 3

94.8
94 . 5

777.1
780.8

284 .
298,

669 . 8

693 . 3

95 . 9

789.2

304 ,

345 . 1
360 .6
366 . 2

187.4
193.1

June

61.0
62.2
62.0

190.8

1969.5
1998.6
2016.0

3597.
3514.
3475.

14093 . 1

664 . 1

July
Aug.

685 . 4
710.1
721.9

694 ,
702 ,
700 .

97.8
99.4

792.4
802.0

300 .
295.

62 . 8
65.1

363 .
360 .

184 .
187 .

101.0

2026 .
2060.

801,3

294 .

64.9

358.

190.

2072 .

3448.
3437.
3426.

14424 . 3
14502.8
14596.6

735.2
756.5

696 .
704 .

102.8

Nov.

103.8
103.1

2080.8
2114.7
2171.6

3395.3
3401.1
3403.5

14688.
14788.

725.8

356 . 0
355 . 8
357 . 1

190 .
194 .

786 . 2

292 . 2
293 . 3
295 . 6

63 . 8
62 . 5

Dec .

799.0
808.4
828 . 8

3373.1
3368.7
3392.5

14988.9
15088!9
15179M

2001- J a n .
Feb.
Mar.

Week e n d i n g
2001- A p r .

May

61.6

199 .

828.0
888.9
905.6

734.0
705.3
682.8

105.1
106.7
107.6

839.1
812.0
790.5

294.3
287.1
279.9

61.1
63.4
61.9

355.4
350.5
341.7

196.6
196.7
199.0

2219.1
2248.1
2236.8

915.3

702.4

109.4

811.8

293.1

62.8

355.9

188.4

2271.3

2
9
16
23

917.9
910.1
920.8
899.4

697.9
703.4
701.4
703.9

108.4
109.3
109.6
109.5

806.3
812.7
811.0
813.4

278.8
284.4
293.9
297.6

60.3
62.4
62.9
63.0

339.2
346.8
356.8
360.5

195.1
185.8
187.4
188.2

2258.4
2255.5
2276.0
2261.6

30

930.2

702.3

109.6

811.9

300.4

63.7

364.1

190.1

2296.3

7
14

931.2
945.5

691.0
697.5

110.9
111.6

801.8
809.1

303.6
308.8

63.1
63.1

366.7
371.9

189.3
191.3

2289.0
2317.8

2lp
28p

961.1
981.0

714.3
724.1

111.6
111.5

825.9
835.6

297.0
300.0

62.6
63.9

359.6
363.9

193.1
190.0

2339.6
2370.6

Apr.

5.

RPs3

638 . 4

O ct.

3.
4.

Large-denomination time deposits1

1999-Dec.

Sep.

1.
2.

Institutional
money funds

13979.3

14221.4
14336.8

14892.0

p

Large-denom ination time deposits are those issued in amounts of $ 1 0 0 ,0 0 0 or more, excluding those booked at international banking facilities.
Large-denom ination time deposits at comm ercial banks less those held by money m arket mutual funds, depository institutions, U.S. governm ent, and foreign banks and
official institutions.
Overnight and term RPs of $ 1 0 0 ,0 0 0 or more issued by depository institutions, excluding those held by depository institutions and by m oney funds.
Overnight and term Eurodollars issued to U.S. addressees by foreign branches of U .S . banks worldwide and by all banking offices in the United Kingdom and C a n a d a
excluding those held by depository institutions and by money funds.
Debt data are on a monthly averag e basis, derived by averaging adjacent end-of-m onth levels, and have been adjusted to rem ove discontinuities.

p
preliminary
C om ponents may not add to totals due to rounding.




p

H.6 (508)
Table 10
MEMORANDUM ITEMS
Billions of dollars, not seasonally adjusted
Demand deposits
at banks due to
Date
Foreign
Foreign
official
commercial
institutions
banks
1999-Dec.

9.7

2000-Jan.
Feb.

9.7

1.4

9.3

8.8

Mar.

8.7

A pr.
May

9.1
9.4

June

9.2

July
Aug.

Page 10

Time and
savings
deposits
due to
Demand
foreign
deposits at
banks and commercial
official
banks
institutions

U.S. government deposits
Balance
Note
at
balances at
Federal depository
Reserve institutions1

Total
cash
balance

IRA and Keogh Accounts
Time and
savings
At
At
deposits at commercial
thrift
commercial
banks
institutions
banks

At
money
market
funds

Total

30.1

1.4

8.3

39.0

48.7

5.3

148.5

95.1

141.. 0

3 8 4 . ,5

30 . 6
29.2

2.8

8.1
5.3

52.5
24.3

63.5
30.8

5.4
5.4

148.0

1.2

148.0

94.6
93 . 8

3 8 3 ., 7
383.. 1

27.9

1.3

5.3

14.1

20.8

5.5

147.9

93 . 0

141.. 1
141.. 4
141. .7

27.7
28.6

5.0
1.5

8.4
7.1

40.0
57.5

53.3

148 . 7
150 . 2

92.6
92.5

141.. 5
140.. 9

382.. 8
383. .6

29.5

2.3

37.0

45.6

5.5
5.6
5.7

151.7

92.5

140.. 3

384. .4

29.8
29. 5

1.2

37.
9.

5.8

153.
154 .

92.6
92.8

140. .4
141.. 1

386 . 0
388..3

2.5

22.

6.0

29.2

43.8
15.7
31.1

6.2

155.

93.1

141. .9

390. .5

6.2

66.0

382.. 6

Sep.

8.6
8.0

Oct.

8.2

1.2

13.

20.0

Nov.

1.4

29
29

1.4

9.0

1.2

16.9

6.3
6.3

156.
156.

93.2
93.3

142. . 2
142. . 1

391. .7
392. ,0

Dec .

9.9

1.6

30

1.5

10.
11.

18.9

6.3

156.8

93.3

142. . 1

392.. 2

2001-Jan.
Feb.

1.5
1.4

32.1
34.2

e
e

1.3

36.4

142. . 1 e
1 4 2 ,. 1 e
1 4 2 ,. 1 e

393. .5
395. .6

Mar .

9.5
8.4
7.3

3 9 7 .. 8

e

Apr.

6.7

142, . 1 e

399. .3

e

We e k e n d i n g
20 0 1 - A p r .

e

1.2

e

2
9
16
23
30

May

7
14
2lp
2 8p

1.
Source: Daily Treasury statem ent,
e
estim ated
p
preliminary
Com ponents may not add to totals due to rounding.




37.5

1.1

6.7
4.9

36.5
16.0

45.7

6.8

1.2

22.1

7.4

157 . 7
158.8

93.7
94 . 7

1.2

5.4

6.4

13. 0

8.1

160. 0

95.7

4.7

5.9

18.8

29.4

8.4

1.1

5.4

14.7

21.2

1.5
3.4

5.0
5.1

5.9
7. 0

12.4
15.5

9.5
5.4

6.7
7.0

12.4
51.7

28.5
64.1

1.4

5.5

45.5

52.3

1.0
1.0

5.1
5.1

36.4
16.3

42.5

0.8

5.2

11.7

2.6

e

22.4
17.8

e

161.0

e

96.3

e